The immense popularity of Bitcoin Ordinals and new meme coins minted on the world’s top blockchain has brought a coalition of Bitcoin developers together to cooperatively formalize the underlying BRC-20 fungible token standard.

The coalition—the newly formed Layer 1 Foundation—announced its new governance body on Monday, focused on ensuring trust and transparency around the protocol and calling it crucial for future growth.

“We invited all of the biggest BRC-20 indexers to become partners… and to publicly agree to operate within this particular standard of procedure and governance resolution that we wrote and set forth as operating principles for BRC-20 governance,” Layer 1 Foundation Vice President Isabel Foxen Duke told Decrypt in an interview.

Co-founded by pseudonymous BRC-20 creator Domo, the Layer 1 Foundation includes participation from Hiro, Alex Labs, Oyl Dynamics, Allium Labs, and Go to Source to See Full Article
Author: Jason Nelson

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details